Apropos, the move to retracts retrospective taxation by the Indian government by Taxation Laws (Amendment) Bill, 2021 is undoubtedly a welcome move that is likely to attract the interest of numerous foreign investors besides several business conglomerates world over. Retrospective taxation, an evil strongly deprecated and denounced even by the Indian Supreme Court in many […]
Women have been continuously fighting their way to equal education, equal employment opportunities and equal pay in work and are making their mark in every industry. With time, better education and safe employment opportunities, more and more women are taking up the baton as the breadwinners of their family and are becoming economically independent. However, […]
Employees Stock Option Scheme (ESOP) and Sweat Equity Shares are two methods of issuing shares by a company to its employees and also can increase the share capital of the Company. Both ESOP and Sweat Equity Shares are issued as per the provisions of the Companies Act, 2013 and Companies (Share Capital and Debentures) Rules, […]
Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees. #In Special States this limit is rupees 10 […]
In such circumstances, where criminal action is threatened or taken, diligent, accurate and ongoing maintenance of necessary records, including consent forms and recordings of online consultations provided etc. would lend weight to an immediate plea for interim reliefs (eg. anticipatory bail) before a Court of law.
This article provides easy analysis of section 194Q-TDS on Purchase of Goods and Section 206C(1H)-TCS on sale of goods. The article also covers the latest CBDT clarifications on section 194Q and 206C(1H) of the Act. finance Act 2020 had amended section 206C of the Income-tax act 1961 by inserting a new subsection (1H) which says […]
Non-residents are subject to tax in India with respect to the income accrued/ deemed to accrue in India or received/ deemed to be received in India as per the provisions of the Income Tax Act, 1961 (‘Act’). While the international tax landscape is seeing a lot of changes in form of OECD BEPS Pillar 1 […]
Reserve Bank of India vide its communication dated August 7, 2021 & 3, 2021 enlightened us with its instructions to” Non-Bank Payment System Operators” who by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to various other entities In order to enable […]
If the material information about the corporation is published, resulting in negatively affecting its position in the business in which it operates, it is said to be defamed. The statements that would affect the public’s opinion about the company’s financial position are by and large thought to defame the company’s business repute.
SEBI Board Meeting – PR No. 24/2021 Dtd. 06th August, 2021 On 06th August, 2021, the Board of SEBI met in Mumbai. In the said meeting, the Board took the following decisions: New SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 The Board considered and approved the merger of SEBI (Issue of Sweat Equity) […]
